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According to the deputy director of the National Bank, the main objective of such decisions is to simplify and improve the convenience of cash payments.
As of October 1, a photo of a 25 kopeck / UNIAN coin will finally be withdrawn from circulation
The 25 kopeck denomination coins and all hryvnia banknotes introduced into circulation before 2003, as of October 1, 2020, cease to be a means of payment when making payments in cash.
Read alsoThe National Bank will recycle notes spent by 25 billion hryvnia
According to the press service of the NBU, these coins and banknotes will be withdrawn from circulation as of October 1, 2020, and the National Bank will actively withdraw from circulation 1 and 2 hryvnia paper notes and 1 hryvnia coins of the 1996 sample, replacing them with the corresponding currencies from the 2018 sample of the year.
Comment of the National Bank
“We continue to put cash flow in order and bring it up to global standards. The main goal of our solutions is to simplify cash payments and increase their convenience for users. We also address economic viability and improve the quality of cash in circulation “, quotes the deputy press service. Head of the Board of Directors of the National Bank Alexey Shaban.
According to him, the decisions announced today by the National Bank became a continuation of the regulator’s many years of work to optimize cash circulation.
“As a result, the series of notes and coins of the hryvnia will be reduced from 17 denominations to 12. In total, 6 denominations of coins and 6 denominations of notes will remain, which corresponds to international practice. It will become neat and convenient.” Shaban said in the message.
What preceded it
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Author:
Ekaterina Zhiriy
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